Yesterdays People by Gail Gibson - HTML preview

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Contents

 

It’s just personal!

Are you doomed?

The nitty gritty of retirement

Chapter 1:  What is retirement?

Why retire at the age of 60 to 65?

Retirement was a rite of passage!

The changing world

Television changed our futures!

Birth control

Tax squeeze

Unaffordable retirement

What is old age in the new age?

Chapter 2: Pensions around the world.

Chapter 3: Retirement planning

Defining the pension fund

The private pension fund

Provident funds

The lump sum payment

Preservation funds

Retirement Annuities

South Africa

What can you do with a South African legacy product or a life insurance product that has such high costs

Section 14 transfer

A limitation on Retirement annuity benefits

Annuities in South African pension funds

Chapter 4: Investing for the future

Why are charges so important?

Platform fee

Advisor fee

Fund fee

Chapter 5: Why risk is important?

Price Risk

Capital amount risk

120 pay checks

Chapter 6: Relationship risk

Marriage

South Africa

Children

Parents

Chapter 7: Risk of non-payment

Don’t Lend

Liquidity Risk

Chapter 8: Risk and interest

Inflation Risk

Price Index value

Keeping current with currency

Chapter 9: Administrative Risk

Fund administration

Management Oversight and Culture

Strategy and Risk Assessment

Control Systems

Information, Reporting and Communication

Personal Administrative risk

Budgeting

At retirement

Chapter 10: Retirement

Emotions

Finances

Timing of retirement

From pension to income

Other retirement funds

Chapter 11: Annuities- the choice is yours

Compulsory annuities

Guaranteed life annuity

Guaranteed and then for life annuity

Level or fixed annuity

Escalating or variable annuity

Annuity’s with profit

Capital-back guaranteed annuity

Enhanced annuities

A living annuity

Voluntary annuities

Why must you exercise caution with annuities?

Chapter 12: Business in retirement

Starting a new business in retirement

Post retirement

Chapter 13: The stages of acceptance in retirement

Change of jobs

Early or premature retirement

Retirement due to ill-health

Semi-retirement (phased retirement)

Late retirement

Old-age retirement

Complete retirement

The six stage process

Chapter 14: Staying Alive

Staying active

Gym and other sports

Having friends

Volunteer work

Chapter 15: Getting in touch with God

Values

Morals

Church and temple

Spiritual retreats

Chapter 16: Elderly Abuse

Abuse by situation.

Managing the finances in Retirement.

Chapter 17: Making the money last

Risk

Investment types

Equity

Property

Bonds

Cash

Foreign investments

Endowments

Spending in retirement

Portfolios

Life stage planning and portfolios

1st retirement period.

2nd retirement period

3rd decade

Insurance in your retirement plan

Chapter 18: Shop right

Using discounts in South Africa

Day

Business or Shop

Monday

Tuesday

Wednesday

Thursday

Friday

Saturday

Sunday

Cashless bartering

Chapter 19: Housing

Raising money for a retirement property

Question and question some more

Purchasing a life right in a Retirement Village

Investment risks

Liquidity risk

Service risk

Sectional Title

Share block

Outright property ownership

The state sponsored facilities

The Gypsy life

Chapter 20: Health and affordability

Cognitive aging

Long-term care

Primary healthcare

Dental care:

Accidents

Emotional states

Elder mistreatment by society

Health expense

Frailty

Home-based care:

Living wills

ICE on a phone

Chapter 21: Death

Death processes and documents required.

Unexpected deaths

The Estate

Bills and accounts

The last will and testament

Overseas or offshore assets

Intestate Estates

Community of property (COP)

Joint or mirror wills

Leaving property: Protecting the heirs in South Africa.

Property in the will

Death and taxes

Executors and payment

Power of Attorney

Trusts

Death and grief

The grief process

Remarrying after the loss of a spouse.

Closing

Links and contacts

South Africa

Organisations to help you

Documents

Guideline for a living will

References used